European Parliament
The President is appointed by the European Council, while the European Parliament and the Bank’s Governing Council are consulted.
Prior to the vote, the candidate will receive a series of questions for written answer, and be invited to a hearing before the Economic and Monetary Affairs Committee (ECON). The ECB President is a key figure within the Eurosystem when setting monetary policy for the euro area.
The Presidents were Alexandre Lamfalussy (1994-1997), founding president of the EMI, forerunner of the ECB, Wim Duisenberg (1998-2004), Jean-Claude Trichet (2004-2011) and Mario Draghi (2011-)
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